Debt Buyer Compliance Management System (CMS)

Debt buyer compliance with Consumer Financial Protection Bureau (CFPB) and DBA International Certification Requirements (CPRC) has become more important over the past 5 years. ComplyARM Dashboard Compliance Management System (CMS) was designed by Chief Compliance Officers to help us manage our compliance, vendor management and transactional activities.

Debt buyers are held to a higher standard than they were 5 years ago and Dashboard helps them manage the new requirements.

A debt buyer subscribed to ComplyARM Dashboard can access the entire platform! Debt buyer clients can complete their own profile information to help them track their own compliance requirements, including complaints, disputes, licensing, insurance and much more.

When the Consumer Financial Protection Bureaus (CFPB) was created, debt buyers and collection agencies began looking at their internal policy and procedure documentation much closer. ComplyARM began as a company that assisted the accounts receivable management industry with auditing their business operations and helping them to create policy and procedure manuals designed to meet their compliance obligations.

After completing the first few policy and procedure manuals we realized just how much of an administrative burden was created by all the new requirements. We decided that the best way we could help our clients was to create a digital management system for all their compliance information.